PRF vs ULVM
Invesco RAFI US 1000 ETF vs VictoryShares US Value Momentum ETF
Which is better, PRF or ULVM?
Nearly the same fund. ULVM costs less.
ULVM has a lower expense ratio. PRF led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.98. ULVM is less concentrated, with 13.6% of the fund in its ten largest positions against 23.7%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | PRF | ULVM |
|---|---|---|
| Expense Ratio | 0.34% | 0.20%Best |
| AUM | $10.0B | $260M |
| Dividend Yield | 1.36% | 1.81% |
| Holdings | 2,000 | 126 |
| YTD Return | +18.98%Best | +13.74% |
| 1Y Return | +25.61%Best | +17.70% |
| 3Y Return (annualized) | +22.16%Best | +21.11% |
| 5Y Return (annualized) | +13.14%Best | +11.11% |
| Volatility (annualized) | 16.8%Best | 16.9% |
| Max Drawdown | -38.7%Best | -40.8% |
| $10,000 over 5 years | $18,539Best | $16,934 |
| Top 10 Weight | 23.7% | 13.6%Best |
| Fund Family | Invesco (US) | Victory Capital Management Inc. |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Dec 19, 2005 | Oct 24, 2017 |
Volatility and max drawdown are measured over the window both funds cover: Oct 26, 2017 to Oct 14, 2026 (9 years).
PRF vs ULVM growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 9 years both funds cover.
PRF vs ULVM Performance
Invesco RAFI US 1000 ETF (PRF) is an ETF from Invesco (US) and VictoryShares US Value Momentum ETF (ULVM) is an ETF from Victory Capital Management Inc.. Over the past year PRF returned +25.61% while ULVM returned +17.70%. Year to date, PRF is up 18.98% versus a gain of 13.74% for ULVM.
Over three years, PRF compounded at +22.16% per year against +21.11% for ULVM; over five years the annualized figures are +13.14% and +11.11% respectively. Across the full 9-year window we track, PRF has the edge at +12.28% annualized vs +9.72%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ULVM has been the more volatile fund, with annualized monthly volatility of 16.9% compared with 16.8% for PRF. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -38.7% for PRF and -40.8% for ULVM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
PRF charges 0.34% per year while ULVM charges 0.20%. On a $10,000 position that is $34 vs $20 annually, a gap of $14 per year that compounds over a long holding period. On income, PRF currently yields 1.36% against 1.81% for ULVM.
Holdings Overlap
26.2% of PRF's money is in holdings ULVM also owns. 92.5% of ULVM's money is in holdings PRF also owns.
Most of ULVM is already inside PRF. Owning both mostly buys the same companies twice.
114 positions in common, counted across the 907 positions we hold weights for in PRF and 125 in ULVM, against full books of 2,000 and 126.
What only one of them owns
Our book lists 7 positions for ULVM that do not appear in our book for PRF (4.7% of the fund), and 761 for PRF that do not appear in ULVM (69.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in PRF | Weight in ULVM | Difference |
|---|---|---|---|
| GOOGLAlphabet Inc Cap Stk Cl A | 3.37% | 0.78% | 2.59% |
| JNJJohnson & Johnson - Common | 1.07% | 1.19% | 0.12% |
| BACBank Of America Corp. | 1.07% | 0.99% | 0.08% |
| PFEPfizer, Inc. | 0.80% | 1.12% | 0.32% |
| INTCIntel Corporation | 1.41% | 0.42% | 0.99% |
| UNHUnited Health Group Inc. | 1.14% | 0.64% | 0.50% |
| VZVerizon Wireless | 0.78% | 0.86% | 0.08% |
| CCitigroup, Inc. | 0.82% | 0.78% | 0.04% |
| EDConsolidated Edison Inc. | 0.11% | 1.38% | 1.27% |
| EVRGEvergy Inc Sedol Bfmxgr0 | 0.05% | 1.44% | 1.39% |
92.5% of ULVM is already inside PRF.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, PRF or ULVM?
PRF has an expense ratio of 0.34% while ULVM charges 0.20%. ULVM is the cheaper option, by $14 a year on a $10,000 investment.
Which performed better, PRF or ULVM?
Over the past year PRF returned +25.61% vs +17.70% for ULVM, so PRF leads on 1-year performance. Over the longest common window we track (9 years), PRF annualized +12.28% vs +9.72% for ULVM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PRF or ULVM?
ULVM has been the more volatile fund at 16.9% annualized versus 16.8% for PRF. Worst drawdown: PRF -38.7% vs ULVM -40.8%.
Should I hold both PRF and ULVM?
PRF and ULVM have a monthly-return correlation of 0.98, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between PRF and ULVM?
92.5% of ULVM's money is in holdings PRF also owns. 92.5% of ULVM's is in holdings PRF also owns. They hold 114 positions in common, counted across the 907 positions we hold weights for in PRF and 125 in ULVM.
Which pays a higher dividend, PRF or ULVM?
PRF yields 1.36% while ULVM yields 1.81%, so ULVM currently pays the higher dividend yield.
Is ULVM better than PRF?
ULVM has a lower expense ratio. PRF led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.98. ULVM is less concentrated, with 13.6% of the fund in its ten largest positions against 23.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.